Having tracked over 15,500 startup exits across the world since 2010, the study revealed that the UK has seen 1,234 exits completed in that time, making the country second only to the US, which has seen 8,704. While the volume of British exits was only a seventh of the US’s exits, it was still way above Germany, which came third with 434 deals. Angela Merkel’s stomping grounds was followed by France, which has seen 321 exits since 2010, and the Netherlands with 186.

And while the US is leading the exit league, Europe is closing in. Between July 2016 and June 2017, 4,217 startups around the world secured exits to the tune of £367bn. Of those deals, 52% were American and 27% were European, marking a respective 30% and 61% year-on-year increase in the volume of exits. Overall, the global volume grew by 42%, meaning 2017 saw the highest year-on-year growth of the number of deals since 2011.

The report also noted that Europe and the US seemingly dominate when it comes to acquisitions. US companies were the buyer in 9,176 deals since 2010, while 2,789 acquisitions were performed by European companies in the same period. Unsurprisingly, the tech giants Facebook, Google and Apple were the three biggest buyers of startups, having acquired more companies in the past seven years than the top 20 European companies combined.

Commenting on the research, Alberto Onetti, chairman of Mind the Bridge, said: “US companies have acquired approximately over three times more startups than [their]European counterparts. Europe is catching up but the gap remains huge and is not going to be closed in the near future.”

But even if Europe is still the runner-up, it’s encouraging to see the number of successful exits grow on the continent.

About the Author

As feature writer and resident Viking, Johansson ensures EB is filled with engaging and eclectic entrepreneurial stories. While one of our most prolific tech writers, he has sharpened his editorial teeth by writing about entertainment and fitness.